Contacts
Jereme Snyder
Eric Carlton
Property Details
- Property Type Other
- Property Size 8,000 SF
- Lot Size 0.67 SF
- Additional Rent Contact for pricing
- Date Updated Sep 17, 2024
The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire the single tenant corporate net leased AutoZone in Winston-Salem, NC. The property has incredibly below market rent at $0.41 PSF which provides low downside risk and long-term upside potential. Also, the property is well below replacement cost at $100 PSF. The roof was replaced in 2020 and has a 15-year transferrable warranty in place and new HVAC units were installed in 2017. The long-term corporate lease was recently extended and has 10 years remaining in the primary term and limited landlord responsibilities. The property is strong performing and is ranked in the top 35% in the state out of 222 stores. AutoZone, a publicly traded company (NYSE: AZO), operates over 7,100 auto parts stores in the United States, Mexico and Brazil and has an investment grade credit rating of “BBB” from S&P (Moody’s: “Baa1”).
The property consists of an 8,000 SF building on 0.67-acre parcel and is strategically positioned on Reynolda Road, which is a direct access route to Wake Forest University which is located a few miles from the property. Wake Forest University is one of the top ranked schools in the country and has over 8,950 students enrolled. This is a great opportunity to purchase an investment grade leased investment with extremely low rent and price point in the Winston-Salem MSA (population exceeding 695,000) with rent increases every 5 years.
Available
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Attachments
Getting around
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56/100
Walk Score ®
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26/100
Bike Score ®
Location
- City Winston-Salem, NC
- Neighborhood Old Town Heights
- Zip Code 27106
- Market Winston Salem Greensboro
Points of Interest
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BP
0.46 miles
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Speedway
2.56 miles
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BP
2.77 miles
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Shell
3.23 miles
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Kangaroo Express
3.79 miles
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Speedway
4.24 miles
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67 Gas For Less
4.70 miles
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Shell
4.87 miles
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Speedway
4.96 miles
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Citgo
5.20 miles
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Mount Tabor Commuter Parking Lot
2.26 miles
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Mount Tabor Student Car Parking
2.33 miles
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Mount Tabor Bus Parking
2.35 miles
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Bus Parking
2.70 miles
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Lot Z
2.70 miles
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Lot R1
2.71 miles
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Lot R3
2.76 miles
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Lot Q
2.84 miles
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Lot A
2.89 miles
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Lot W2
2.90 miles
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HomeTowne Studios Winston-Salem - University Pkwy
2.71 miles
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Baymont by Wyndham Winston Salem
2.84 miles
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DoubleTree by Hilton Hotel Winston Salem - University
2.86 miles
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Quality Inn University
2.90 miles
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Travelers Inn
3.05 miles
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Hampton Inn and Suites-Winston-Salem/University Area NC
3.34 miles
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Days Inn by Wyndham Winston Salem North
3.46 miles
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Courtyard by Marriott Winston-Salem University
3.91 miles
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Rodeway Inn Winston Salem Route 52
4.30 miles
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Ramada
4.87 miles
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Food Lion
0.32 miles
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Reynolda Manner Shopping Center
1.62 miles
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Lowes Foods
1.63 miles
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Target
2.45 miles
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Walmart Neighborhood Market
2.50 miles
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ALDI
2.61 miles
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Harris Teeter
2.93 miles
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The Fresh Market
3.07 miles
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Lowes Foods
3.08 miles
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TJ Maxx
3.14 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.